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20-12-2024 FRIDAY

The dollar is set to cap the week on a strong note today as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session sparked by a broad rally in the greenback. That drove its peers to milestone lows with the South Korean won sinking to a 15-year trough, the Canadian dollar tumbling to its weakest in more than four years and the Australian and New Zealand dollars hitting two-year lows. Central banks from Brazil to Indonesia also scrambled to defend their struggling currencies yesterday. Moves in the early Asian session today were more subdued, though that did not stop the yen from weakening to a five-month low of 157.93 per dollar, as it continues to remain under pressure from the Bank of Japan\'s (BOJ) reluctance to further raise rates. The BOJ kept interest rates unchanged yesterday and its governor stayed vague on how soon it could push up borrowing costs, just a day after the Federal Reserve pointed to fewer U.S. rate cuts next year. In other major currencies today, the euro last bought $1.03635 and was eyeing a weekly drop of 1.3% on the back of the dollar\'s strength. The sterling also slipped to a one-month low of $1.2490 early in the session. The dollar index last up 0.02% at 108.45.  
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INR Rates

Symbol   Bid  ASK
USD84.415 84.425
GBP106.67524 106.709
EUR89.10003 89.11692
JPY0.54986 0.5499
CHF95.62188 95.66523
AUD54.81066 54.83598
SGD63.01038 63.01508
CAD60.18466 60.19753
NZD49.66134 49.68667
*Closing Rates on : 2024-11-19

Stock Indices

IndexPointsChange
BSE Sensex78133.99-1084.06
S&P CNX Nifty23608.25-343.45
NASDAQ21110.506-98.809
HangSeng19720.7-31.81
DJ IA31097.9756.84
DAX19716.81-253.05
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